Topps Tiles is moving into commercial sales for the first time after snapping up a local specialist. Tuesday broker round-up (Sharecast News) - Diageo: Deutsche Bank upgrades to buy with a target price of 3,900p. UK equity markets continue to move upwards,... Find out which companies are being approached for takeovers, raising money and making acquisitions, The year of BP’s reinvention ended with a major loss thanks to the pandemic, The lender is buying a loan portfolio from subsidiary RateSetter. The gross margin increased from 60.5 per cent to 61.4 per cent, thanks to better scale and sourcing. Visualise our tiles in your own home by taking a photo on your phone, via our online TileMyHome visualiser. Over 500 news items per trading day for just £39.60 per month, and cancel at any time. Topps said it expected to post a "modest" level of profit for the 52 weeks ended Sept. 26, with retail like-for-like revenue in the period down 12.5% from a year earlier. And it’s one that appears to be paying off – with revenues “more than tripling” for its commercial ‘Parkside’ business during the six months to March 2019. Topps Tiles hopes its commercial business will play a significant role in that expansion, though it wrote: 'The long-term nature of many commercial projects … You can follow us on Instagram @toppstiles The group recently acquired Strata Tiles – a specialist supplier of tiles to the commercial market, The telecoms giant reiterated its full-year guidance, Yet shares in the software group are trading near an all-time high following analyst upgrades. And it’s one that appears to be paying off – with revenues “more than tripling” for its commercial ‘Parkside’ business during the six months to March 2019. We plan to grow the commercial business to become the new market leader by 2025 and create a new, profitable sales division within the Group. Topps Tiles Plc is the UK's largest specialist supplier of tiles and associated products, targeting the UK domestic refurbishment and commercial market and serving a retail and trade customer base from 343 nationwide Retail stores, four Commercial showrooms and three trading websites: www.toppstiles.co.uk, www.parkside.co.uk and www.stratatiles.co.uk. Topps Tiles Plc is the UK's largest specialist supplier of tiles and associated products, targeting the UK domestic refurbishment and commercial market and serving a retail and trade customer base from 343 nationwide Retail stores, four Commercial showrooms and three trading websites: www.toppstiles.co.uk, www.parkside.co.uk and www.stratatiles.co.uk. Investment Ideas . This is reinforced by commercial agreements that require our suppliers to be fully compliant with local laws and we pay attention to labour standards and factory conditions. Topps Tiles has ambitions to secure £1 in every £5 spent on tiles in the UK within five years. Alliance News Professional covers every UK stock in your portfolio. Topps Tiles intends to build up a significant business in the commercial sector – which reportedly accounts for 45% of UK tile sales – over the next few years, with the market notably fragmented. MAN came through for us in terms of what it can offer. Commercial operations are likely to drive growth at tiles retailer Topps Tiles (LON: TPT) and management intends to build up a significant commercial division over the next five years. Check Topps Tiles in Ipswich, Commercial Road on Cylex and find ☎ 01473 231700, contact info, ⌚ opening hours. The retailer – said to be the UK’s leading tile specialist – has closed all its aisles under the latest rules, but said customers can still use its trade counters, online store and click & collect services. Video: Bal All-In-One Plus, one bottle for multiple uses. Topps Tiles is moving into commercial sales for the first time after snapping up a local specialist. For now, the shares’ modest forward PE ratio of 11 times isn’t sufficiently low to tempt us. A fantastic and very competitive reward and benefits package along with a flexible working environment. Topps Tiles enjoys rising sales as Britons crack on with DIY while stuck at home but the new lockdown will hit the bottom line. We are proud to be a part of many iconic spaces throughout Auckland - So Hotel, Westfield 277 (retail and Hospitality fit outs) Sky City Hotel, Sky City Auckland, Citizen Park, Sugar Club, 396 Queens Street Hotel, Grand Windsor, Mecure Grand, Restaurant Brands just to name a few. The acquisition of Strata Tiles in April should add to Topps’ offering here. Thanks for letting us in on your latest design project, tell us a bit about your role at Topps Tiles? And, it follows that, on an adjusted basis – excluding Parkside, as well as non-recurring property provision movements – Topps’ numbers looked rather different. I’ve looked after all things commercial for Topps Tiles for the last 4 years. (Reuters) - British tile retailer Topps Tiles said on Wednesday it expected a 12% drop in full-year revenue, following a slower recovery in commercial demand … The Financial Times and its journalism are subject to a self - regulation regime under the FT Editorial Code of Practice: www.ft.com/editorialcode© The Financial Times Limited 2020. Topps Tiles has ambitions to secure £1 in every £5 spent on tiles in the UK within five years. British tile retailer Topps Tiles said on Wednesday it expected a 12% drop in full-year revenue, following a slower recovery in commercial demand due to the COVID-19 pandemic. Earlier this year, Topps acquired 80% of Strata Tiles, which has a customer base of architects and designers. The listed tile retailer hopes to hit the target by improving the value it offers to retail customers and by continuing to grow its commercial business to clients such as architects and designers. Topps Tiles has hailed progress in its commercial arm as it looks to sell more products to businesses and trade customers to make up for retail shoppers turning their backs on DIY. Subscribe now to see this Premium News article from. The company is now debt free due to the repayment of the £5m Coronavirus Large Business Interruption Loan and the cancellation of an unused £5m revolving credit facility. The commercial business’s full-year trading loss is expected to land at around £1.5m, although – more positively – Peel Hunt reckons it could generate sales of up to £14m in FY2020. Topps Tiles (TPT) has been beefing up its presence in the commercial tile market, a sensible move, given that this represents nearly half of the UK’s overall tile market. … Topps Tiles Meridian Trading Estate, Lombard Wall, London, SE7 7SW Click to view telephone number. Topps Tiles (TPT) has been beefing up its presence in the commercial tile market, a sensible move, given that this represents nearly half of the UK’s overall tile market. Topps Tiles, Thorpe Way, Grove Park, Enderby, Leicester, LE19 1 SU. (Reuters) - British tile retailer Topps Tiles said on Wednesday it expected a 12% drop in full-year revenue, following a slower recovery in commercial demand due to the COVID-19 pandemic. Topps Tiles also said that the markets served by its commercial business, which has taken a hit due to the coronavirus-led disruptions in the construction industry, were seeing a slower recovery compared with the domestic repair, maintenance and improvement sector. In turn, adjusted pre-tax profits climbed 11.1 per cent to £8m. Registered Topps Tiles Trade customers are able to approach the Trade counter in store to pick up or make an order. Retailer Topps Tiles has cautioned over an impact on sales from the latest national lockdown, but cheered recent strong trading thanks to a buoyant DIY market. Commercial arm delivers for Topps Tiles . Topps Tiles reserve the right not to refund if the products are deemed as not being in a resell-able condition, if there is no proof of purchase, or if the products are returned after the 60 day period. The windows were replaced with aluminium frames and double glazed with toughened and laminated glass for safety. Stock Screens . To meet this commitment, the Company introduced The Topps Tiles Code of Conduct for Suppliers, which is explained in our Modern Slavery Statement on the Company’s website. We’re the UK’s No.1 tile specialist with over 340 stores throughout the UK. All rights reserved. Topps Tiles Unit J/Hart St Commercial Centre, Hart Street, Maidstone, ME16 8RF Click to view telephone number. We’re the UK’s No.1 tile specialist with over 340 stores throughout the UK. Investegate announcements from Topps Tiles, Trading Update . Topps Tiles has posted a further decrease in sales for the 13 weeks ending 1 July 2018, and said it plans to continue “tight cost control” in the face of a “weaker consumer environment”.. Economic data and central bank flashes from UK, US and eurozone. Available exclusively at Topps Tiles. We will send you offers, news, style updates and product/service information. 193 talking about this. Topps Tiles has so many great people who work hard and are committed to delivering the absolute best. It goes beyond regulatory news and free web services to give your investment decisions an edge over the crowd. Still, the consumer environment remains “challenging”. The door was removed and replaced with a galvanised electric roller shutter which was easier to operate for the staff. Profits have dropped at Topps Tiles due to the expense of closing a handful of stores and following investments in its Parkside commercial business. Broker Peel Hunt expects adjusted pre-tax profits of £15.9m and EPS of 6.6p for the year to September 2019, against £16m and 6.6p in FY2018. Installation of new roller shutter to replace Concertina door The existing concertina door track had been damaged and the door itself was beyond economical repair. This adds further scale to the commercial division […] Cheap recovery plays 2019. Commercial Glazing Replacement The old timber framed arch windows had started to allow water entry and were in a poor state of repair and were aesthetically in a poor state. Topps Tiles PLC - Leicestershire-based tile retailer - Helen Linnington, associate of Managing Director for Commercial Brian... 07/01/2021 14:54:35 Cookie Policy +44 (0) 203 8794 460 Free Membership Login BALANCE SHEET STRONGER THAN FIRST LOCKDOWN Giving an update on how it will trade during the new Covid-19 lockdown, Topps said the rules mean it has to close its in-store tile aisles to prevent browsing. 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